VAT ERICULOUZDmgnmiddlew HmWrk (Part 02) 6 Saved Help Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and l shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzle each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 102,000 shares of common stock for $10 per share. November 16 Purchase 10,200 shares of its own common stock (1.0., treasury stock) for $16 por sharo. November 24 Resell 4,200 shares of treasury stock at $17 per share. December 1 Declare a cash dividend on its common stock of $11,600 ($0.10 per share) to all stockholders of record an December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Tournal General Tedaer Trial Balance Income Statement Balance Sheet Trial Balance General General Requirement Income Journal Ledger Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entr in the first account field.) View transaction list View journal entry worksheet BRE No Date Debit Credit 1 Nov 05 1,020,000 General Journal Cash Common Stock Additional Paid-in Capital 102,000 918,000 2 Nov 16 163,200 Treasury Stock Cash 163,200 3 Nov 24 71,400 Cash Treasury Stock Additional Paid-in Capital 67,200 4,200 December 30, 2022 Account Title Credit 35 points Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Propaid Insurance Debit 1,005,754 50,200 2.420 Land 7,200 920 520,000 64,000 Book Print References Equipment Accumulated Depreciation Accounts Payable interest Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Notes Payable (Current) Contingent Liability Warranty Liability Common Stock Treasury Stock Additional Paid-in Capital Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense 25.450 21,000 500 14,500 5,200 494,304 50,034 12.200 4200 122,000 96,000 922,200 33,850 44,600 122.000 360 140 OUDE 38,000 17.350 15 Ouvi 14,000 5,200 494,304 50,034 12,200 4,200 122.000 points eBook 96,000 Print Income Tax Payable Deferred Revenue Notes Payable (Long-term) Notes Payable (Current) Contingent Liability Warranty Liability Common Stock Treasury Stock Additional Paid in Capital Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense Salarios Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expense 922.200 33,550 44,000 122,000 References 360 140 38.000 17,350 550 24,500 2.450 7,034 2.500 14,600 5,800 420 4,200 12.200 1,874,698 $ LOS Total 1,874,098 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 $ 0 0 0 0 Net Sales 0 0 $ $ 0 Gross Profit Operating Expense 0 0 0 0 0 0 0 0 0 o 0 0 Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 $ 0 Prou 1 of 1 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities ints Current Assets: Current Liabilities: $ 0 $ 0 0 0 0 0 eBook 0 0 0 0 Print 0 0 0 0 0 0 References 0 Total Current Liabilities 0 0 0 0 0 D Total Liabilities 0 Total Current Assets Long-term Assets Stockholders' Equity OOO 0 0 0 0 Total Stockholders Equity O Total Liabilities and Stockholders' Equity $ 0 $ Total assets AMERICULOUTVUZDmgnmiddlew HmWrk (Part 02) 6 Saved Help Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and will shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021. Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 102,000 shares of common stock for $10 per share. November 16 Purchase 10,200 shares of its own common stock (1.0., treasury atock) for $16 por sharo. November 24 Resell 4,200 shares of treasury stock at $17 per share. December 1 Declare a cash dividend on its common stock of $11,600 ($0.10 per share) to all stockholders of record an December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Tournal General Tedaer Trial Balance Income Statement Balance Sheet AMERICULOUTVUZDmgnmiddlew HmWrk (Part 02) 6 Saved Help Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and will shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021. Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 102,000 shares of common stock for $10 per share. November 16 Purchase 10,200 shares of its own common stock (1.0., treasury atock) for $16 por sharo. November 24 Resell 4,200 shares of treasury stock at $17 per share. December 1 Declare a cash dividend on its common stock of $11,600 ($0.10 per share) to all stockholders of record an December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Tournal General Tedaer Trial Balance Income Statement Balance Sheet VAT ERICULOUZDmgnmiddlew HmWrk (Part 02) 6 Saved Help Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and l shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021, Tony and Suzle each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 102,000 shares of common stock for $10 per share. November 16 Purchase 10,200 shares of its own common stock (1.0., treasury stock) for $16 por sharo. November 24 Resell 4,200 shares of treasury stock at $17 per share. December 1 Declare a cash dividend on its common stock of $11,600 ($0.10 per share) to all stockholders of record an December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Tournal General Tedaer Trial Balance Income Statement Balance Sheet Trial Balance General General Requirement Income Journal Ledger Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entr in the first account field.) View transaction list View journal entry worksheet BRE No Date Debit Credit 1 Nov 05 1,020,000 General Journal Cash Common Stock Additional Paid-in Capital 102,000 918,000 2 Nov 16 163,200 Treasury Stock Cash 163,200 3 Nov 24 71,400 Cash Treasury Stock Additional Paid-in Capital 67,200 4,200 December 30, 2022 Account Title Credit 35 points Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Propaid Insurance Debit 1,005,754 50,200 2.420 Land 7,200 920 520,000 64,000 Book Print References Equipment Accumulated Depreciation Accounts Payable interest Payable Income Tax Payable Deferred Revenue Notes Payable (Long-term) Notes Payable (Current) Contingent Liability Warranty Liability Common Stock Treasury Stock Additional Paid-in Capital Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense 25.450 21,000 500 14,500 5,200 494,304 50,034 12.200 4200 122,000 96,000 922,200 33,850 44,600 122.000 360 140 OUDE 38,000 17.350 15 Ouvi 14,000 5,200 494,304 50,034 12,200 4,200 122.000 points eBook 96,000 Print Income Tax Payable Deferred Revenue Notes Payable (Long-term) Notes Payable (Current) Contingent Liability Warranty Liability Common Stock Treasury Stock Additional Paid in Capital Retained Earnings Service Revenue Sales Revenue Sales Discounts Interest Revenue Cost of Goods Sold Depreciation Expense Supplies Expense Salarios Expense Bad Debt Expense Interest Expense Rent Expense Income Tax Expense Insurance Expense Repairs and Maintenance Expense Warranty Expense 922.200 33,550 44,000 122,000 References 360 140 38.000 17,350 550 24,500 2.450 7,034 2.500 14,600 5,800 420 4,200 12.200 1,874,698 $ LOS Total 1,874,098 GREAT ADVENTURES, INC. Income Statement For the Period Ended December 31, 2022 $ 0 0 0 0 Net Sales 0 0 $ $ 0 Gross Profit Operating Expense 0 0 0 0 0 0 0 0 0 o 0 0 Total Operating Expenses Operating Income (Loss) 0 0 0 0 0 $ 0 Prou 1 of 1 GREAT ADVENTURES, INC. Balance Sheet December 31, 2022 Assets Liabilities ints Current Assets: Current Liabilities: $ 0 $ 0 0 0 0 0 eBook 0 0 0 0 Print 0 0 0 0 0 0 References 0 Total Current Liabilities 0 0 0 0 0 D Total Liabilities 0 Total Current Assets Long-term Assets Stockholders' Equity OOO 0 0 0 0 Total Stockholders Equity O Total Liabilities and Stockholders' Equity $ 0 $ Total assets AMERICULOUTVUZDmgnmiddlew HmWrk (Part 02) 6 Saved Help Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and will shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021. Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 102,000 shares of common stock for $10 per share. November 16 Purchase 10,200 shares of its own common stock (1.0., treasury atock) for $16 por sharo. November 24 Resell 4,200 shares of treasury stock at $17 per share. December 1 Declare a cash dividend on its common stock of $11,600 ($0.10 per share) to all stockholders of record an December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Tournal General Tedaer Trial Balance Income Statement Balance Sheet AMERICULOUTVUZDmgnmiddlew HmWrk (Part 02) 6 Saved Help Tony and Suzie have purchased land for a new camp. Now they need money to build the cabins, dining facility, a ropes course, and an outdoor swimming pool. Tony and Suzie first checked with Summit Bank to see if they could borrow an additional si million, but unfortunately the bank turned them down as too risky. Undeterred, they promoted their idea to close friends they had made through the outdoor clinics and TEAM events. They decided to go ahead and will shares of stock in the company to raise the additional funds for the camp Great Adventures has authorized $1 par value common stock. When the company began on July 1, 2021. Tony and Suzie each purchased 10,000 shares (20,000 shares total) of $1 par value common stock at $1 per share. The following transactions affect stockholders' equity during the remainder of 2022 November 5 Issue an additional 102,000 shares of common stock for $10 per share. November 16 Purchase 10,200 shares of its own common stock (1.0., treasury atock) for $16 por sharo. November 24 Resell 4,200 shares of treasury stock at $17 per share. December 1 Declare a cash dividend on its common stock of $11,600 ($0.10 per share) to all stockholders of record an December 15. December 20 Pay the cash dividend declared on December 1. December 31 Pay $805,000 for construction of new cabins and other facilities. The entire expenditure is recorded in the Buildings account. Requirement General Tournal General Tedaer Trial Balance Income Statement Balance Sheet